the Price is facing a demand zone + Fib 0.618 + ABCD. I think the Index price will go up at least to 99 (see my check mark).
The weekly chart of my own built USD index shows signs of donwward continuation within a well-defined symetrical triangle.
Quoted from Scott Carney's Harmonic Trading V1: "The exact 0.618 B point requirement was just one condition in this interpretation of the structure". In this Gartley B retraced only 0.578 and not the required precise 0.618, but coinciding with AB=CD 0.707-1.414 and with stochastics in over sold zone and price braking at the demand zone ... let's see if those...
a complitted head and shoulders pattern on eurjpy.. looking for a good entry
For the time coming i am a dollar seller. I think we have seen some disappointment after this dovish hike of the Fed. This will for the coming days keep a lid on the dollar. I will be looking to buy US 10Y Bonds and Buy Gold. Silver also looks like a solid play. 10YR US Bonds
long it , to the trend , Then short it to the B AREA if the price goes up the red trend , and it is something really hard but everything in the market can be , so long it again to A Area see you after 7 years :=) , or if something really big happen ,and i expect the second one , Update idea
If we break higher tonight on the FED Minutes it will probably be some kind of stop hunt above the recent high. I dont think it will be a sustainable move above 101.80, except something really major happens, that turns the sentiment on the USD completly around and makes it super bullish then look for buys above 101.80. But right now i am not seeing this scenario...
Potential Bearish Cypher on USD Index(DXY) sell @101.20 TP1 @100.24 TP2 @99.43
This week's play for the USD/CAD is to short USD as the Dollar index is looking to decline even further. Until the USD Index reaches next support level at roughly 100 even handle, or perhaps upper 99 levels, this potential cypher pattern should respond with the dollar to rebound off support. The fundamental picture of the market, in my opinion anyway, is the ECB...
Another leg down for the Index. But then, DXY Dollar Index long until December 2016. Green box is the target zone.
Ups is looking good as moving in downtrend and if it breaches the Lower Trend line Then there will be a good opportunity to short this stock up with take profits @ flag UPS. United Parcel Service, Inc. (NYSE:UPS) was downgraded by equities researchers at Vetr from a “buy” rating to a “hold” rating in a research report issued on Monday. They currently have a...
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) Best regards Aaron
Go some up then Down move continue,,, Like our Facebook page and get daily Fx Update Analysis. Facebook page: www.facebook.com
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) Best regards Aaron